Board Of Aldermen - Minutes - 11/15/2021 - P9

By dnadmin on Mon, 11/07/2022 - 07:13

Special Board of Aldermen 11-15-2021 Page 9

know, things may be leveling off or if they are going up more so that we're reflective because the State will look at values
from October to October. So if we're not as accurate as possible by the time they do this study if things are going up
rapidly, we could be instead of at 100%, we could be at 95 or 94 right when you're starting to get your first equalization.

Board Of Aldermen - Minutes - 11/15/2021 - P7

By dnadmin on Mon, 11/07/2022 - 07:13

Special Board of Aldermen 11-15-2021 Page 7

New Hampshire, we’re mandated by State Constitution and State Statute to revalue at least once every five years. So in
that five year period, we're watching the market. That's why we do that annual ratio report — the equalization study.
Again if we gets too far out of whack, then we do another revaluation within that five year timeframe. Does that answer
your question?

Alderwoman Lu

Board Of Aldermen - Minutes - 11/15/2021 - P1

By dnadmin on Mon, 11/07/2022 - 07:13

A Special Meeting of the Board of Aldermen was held Monday, November 15, 2021, at 8:12 pm in the Aldermanic
Chamber and via Zoom teleconference which meeting link can be found on the agenda and on the City’s website
calendar.

President Lori Wilshire presided; Deputy City Clerk Allison Waite recorded.
Prayer was offered by Deputy City Clerk Allison Waite; Alderman Thomas Lopez led in the Pledge to the Flag.
Let’s start the meeting by taking a roll call attendance. If you are participating via Zoom, please state your presence,

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